What I Love About the FIRE Movement - with Clark Howard

Afford Anything | Make Smart Money Choices

Paula Pant | Cumulus Podcast Network

Entrepreneurship, Investing, Business

4.7 • 3.6K Ratings

🗓️ 29 October 2018

⏱️ 70 minutes

🔗️ Recording | iTunes | RSS

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Summary

#158: Clark Howard loves the FIRE movement. That's because he's one of us. Clark began investing in real estate at age 22, started a travel agency at age 25, and retired at age 31. He sold his travel agency, moved to the beach and relaxed for four years; then he started a second career as the host of The Clark Howard Show, a popular radio show that's syndicated nationwide. Today, he's a personal finance celebrity. His website receives more than 50 million views per year. He has more than 1.1 million followers on Facebook. Clark is a consumer advocate and personal finance voice who walks the talk. He doesn't accept sponsorships that conflict with his values. He loves frugality and efficiency. Last week, he was traveling in New York on a company expense account, yet he still rode the subway, because he didn't like the idea of wasting money on a taxi ... *even if it wasn't his own money.* He's a philanthropist who leads with a service-first framework. During Hurricane Katrina, he volunteered with a team that handled medical evacuations. After September 11th, he joined the Georgia State Defense Force, which is an unpaid, unarmed volunteer component of the state Department of Defense. He sponsored the construction of 74 houses through Habitat for Humanity. He's provided toys for more than 150,000 foster children at Christmas. He's a multimillionaire and he flies in coach. When the now-infamous Suze Orman episode came out, Clark immediately issued a response on his own syndicated radio show. He came out in strong support of the FIRE movement. He said that he couldn't imagine how anyone could criticize the notion of saving half of your income. When I heard his remarks, I invited him on this show to elaborate. What does he think about the FIRE movement? Why does he like it? How would he respond to the objections? For more information, visit the show notes at http://affordanything.com/episode158 Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	You can afford anything but not everything.
0:10.8	Every decision that you make is a trade-off against something else and that doesn't just
0:13.7	apply to your money, it applies to your time, your focus, your energy, your attention,
0:18.5	it applies to anything in your life that's a scarce or limited resource, any resource
0:22.2	that you need to manage, how do you manage it well?
0:25.1	That is quite literally the million dollar question.
0:27.7	And that's what this podcast is here to explore.
0:30.0	My name is Paula Pant.
0:31.0	I'm the host of the Afford Anything Podcast and the founder of AffordAnything.com.
0:34.8	Today, Clark Howard joins us to talk about why he loves the financial independence or
0:40.0	attire early movement, the fire movement.
0:42.9	Clark Howard is also one of the most famous names in personal finance.
0:47.2	He has published 10 books, many of which are New York Times bestsellers.
0:51.0	His book Living Large in Lean Times hit number one on the New York Times bestseller list.
0:55.6	His website gets more than 50 million views a year.
0:59.2	He's the former co-host of Evening Express on CNN headline news, now called HLN, and he
1:03.9	was also the host of a weekend show on HLN.
1:06.6	But of course, I'm leaving out the thing that he is perhaps most famous for, which is that
1:10.7	he hosts a syndicated radio show.
1:13.9	It's called The Clark Howard Show and it airs in hundreds of radio markets across the
1:18.2	nation.
1:19.2	This is Clark's second time on this podcast.
	...

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